$1,221,750
SOLD MAY 1, 2015
6 Beds
4 Baths
4,094 Sq Ft
0.25 Acres

Recently Sold

$298 Per Sq Ft

9 Days on Market

Highlights

  • Mediterranean Architecture
  • Laundry Room
  • 5 Car Garage
  • No HOA
  • Tile Flooring
  • 1-minute walk to Ketchum-Libolt Park

About This Home

As of May 2015

2157 Maple Street Costa Mesa is a spectacular fourplex investment opportunity. The unit mix includes a 3 bedroom, 1 bedroom and 2 units that are 2 bedroom. Each unit has a garage plus additional off street parking. Three of the units are townhouse style and the 1 bedroom residence is over top of the garages. The onsite laundry room is convenient for residents and generates additional income for the owner. There are no rent control or affordable housing restrictions for these units.

Several of the units have been recently upgraded including new tile and laminate floors throughout. The driveways and parking spots have all been recently redone.

The site is directly across from the beautiful Ketchum-Libolt Park. It’s conveniently located near Victoria St, which offers easy access to main freeways and all the fine dining, shopping and eclectic entertainment that Costa Mesa offers.

Last Agent to Sell the Property

Christian Walsh

Berkshire Hathaway HomeServices California Properties License #01804983 Listed on: 03/06/2015

Berkshire Hathaway HomeServices California Properties

Last Buyer's Agent

Farhad Khosravi

Farhard E. Khosravi, Broker License #01207777

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1976

Lot Details

  • 0.25 Acre Lot
  • Property fronts an alley
  • No Units Located Below
  • Two or More Common Walls

Parking

  • 5 Car Garage
  • Parking Available
  • Shared Driveway
  • Assigned Parking

Home Design

  • Mediterranean Architecture
  • Property Attached
  • Slab Foundation
  • Spanish Tile Roof
  • Composition Roof
  • Stucco

Interior Spaces

  • 4,094 Sq Ft Home
  • 2-Story Property
  • Tile Flooring
  • Laundry Room

Kitchen

  • Gas Range
  • Dishwasher

Bedrooms and Bathrooms

  • 6 Bedrooms
  • All Upper Level Bedrooms
  • 4 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Additional Features

  • Suburban Location
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 21
  • Tax Tract Number 638
  • Assessor Parcel Number 42220110

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $444
  • Gardener Expense $600
  • Insurance Expense $1,500
  • Trash Expense $1,044
  • Water Sewer Expense $4,005
  • New Taxes Expense $13,475
  • Gross Income $6,420
  • Net Operating Income $55,357

Property Details

Home Type

Multi-Family

Year Built

Built in 1976

Lot Details

0

Parking

5

Listing Details

  • CapRate: 4.50
  • Property Attached: Yes
  • Road Frontage Type: Alley
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Water Sewer Expenses: 4005.00
  • Architectural Style: Mediterranean
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 42220110
  • Year Built: 1976
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Unfurnished
  • Stories: 2
  • Common Walls: 2+ Common Walls, No One Below
  • Flooring: Tile
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 298.42
  • Room Type: All Bedrooms Up

Exterior Features

  • Foundation: Slab
  • Pool Private: No
  • Roof: Composition, Spanish Tile
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 5.00
  • Parking: Yes
  • Parking Features: Assigned, Garage, Shared Driveway
  • Total Parking Spaces: 9.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Range
  • Heating Type: Wall Furnace
  • Laundry Features: Community
  • Trash Expense: 1044.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Lot Size Sq Ft: 10890.00
  • Lot Size Acres: 0.2500

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Electric Expense: 444.00
  • Gross Income: 6420.00
  • Gross Scheduled Income: 77040.00
  • Insurance Expense: 1500.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 10890.0000 Square Feet
  • Net Operating Income: 55357.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Range: 4
  • Operating Expense: 21683.00
  • Rent Control: No
  • Total Actual Rent: 6320.00

Tax Info

  • New Taxes Expense: 13475.00
  • Tax Lot: 21
  • Tax Tract Number: 638
  • Tax Year: 2014

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/22/2019 12/22/19 Rented $1,750 0.0% --
12/22/2019 12/22/19 Under Contract -- -- --
11/18/2019 11/18/19 For Rent $1,750 0.0% --
05/01/2015 05/01/15 Sold $1,221,750 -0.3% $298 / Sq Ft
03/15/2015 03/15/15 Pending -- -- --
03/06/2015 03/06/15 For Sale $1,225,000 -- $299 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW15047745

California Regional Multiple Listing Service (CRMLS)

APN: 422-201-10